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Donnay's Valley Park Addition <br /> Donnay's Valley Park Addition was built as a starter home area for moderate income residents. The houses are <br /> •primarily single story ramblers. The initial quality of the homes is somewhat better than the slab-on-grade housing <br /> which was typical of housing construction in other communities during the 1960's and 1970's. It is primarily a <br /> middle-class neighborhood with relatively little non-homesteaded property. <br /> Zoning: R-2 Average Property Taxes: $806 <br /> School District: Rosemount Avg. # Children per Unit: 1.33 <br /> Avg. Market Value: S73,424 Avg. # People per Unit: 3.61 <br /> Average Unit Age: 20 years <br /> ANALYSIS: <br /> Donnay's turns an overall negative fiscal impact for the City. Standard street and fire service is provided to this <br /> area. Police service is primarily for crimes against people, such as assaults or domestic calls. It is mainly serviced <br /> by the Apple Valley commercial area on Cedar avenue. Donnay's represents what current single-family housing <br /> may look like in twenty years. <br /> DONNAY'S VALLEY ADDITION <br /> i.. rik�k ',,i;,_ ^tom"' .„.17«..i-. .� e?1.. F <br /> iii; �� � � a� � r s. .� Annual Operating City School <br /> �" Figures <br /> �� ' = a °4 , tf F g District <br /> ai �' ,mss Expenditures $246,384 $1, 652,717 <br /> Revenues 1x.8, 833 1, 362, 169 <br /> II ; roc; F <br /> w', , Net Impact (57, 551) (290,547) <br /> ' Overall Net (348, 098) <br /> +,' , . + - , <br /> Per Acre Impact-. .� , „ty ”` " i';4� P (576) (2, 905) <br /> "`' '.4 a.'. •iC' m 4,4;: -,`; Overall Net per (3, 481) <br /> '-',: w- '" c c K=,. ' .. Acre <br /> FINDINGS: <br /> Lack of upkeep appears to be a critical factor in the somewhat lower value of these homes. Their affordability is <br /> obtained through accelerated devaluation of the property. The City would do well, from a fiscal standpoint, to <br /> make efforts to ensure property maintenance of these areas to protect its tax base and minimize police services. <br /> Special Notes: Rosemount School District No. 196 has somewhat lower levies (1990 taxes, payable 1991) than the <br /> other districts which would make other areas similar to Donnay's have an even greater negative impact. <br /> • <br /> 20 <br />